StockWatch
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Iron & Steel Products
Dividend25 May 2026, 07:42 pm

Gandhi Special Tubes: Recommends ₹1.5 Dividend, Buyback ₹78.13 Mn

AI Summary

Gandhi Special Tubes Ltd's board approved audited financial results for the year ended March 31, 2026, and recommended a dividend of ₹1.5 (300%) per equity share. They also approved a buyback of up to 8,68,100 equity shares at a maximum price of ₹900 per share, for an aggregate amount not exceeding ₹78,12,90,000, representing 7.14% of the paid-up equity share capital. The record date for the dividend is August 5, 2026, with payment on or before September 11, 2026. The buyback is subject to shareholder approval.

Key Highlights

  • Approved audited financial results for the year ended March 31, 2026.
  • Recommended a dividend of ₹1.5 (300%) per share.
  • Approved buyback of up to 8,68,100 shares at ₹900 each, totaling ₹78.13 Mn.
  • Buyback represents 7.14% of the paid-up equity share capital.
  • Record date for dividend is August 5, 2026.